Your English writing platform
Discover LudwigExact(11)
Directors authorized the expansion of the repurchase program to $8.8 billion, or about 17percentt of the market capitalization of about $51 billion.
Although J. P. Morgan is not accused of wrongdoing, Mr. Chey is charged with covering up details of the repurchase of shares.
If the professors' explanation of the repurchase effect is correct, then it also must be true that companies issuing more shares underperform the market.
"Consummation of the repurchase is subject to, among other things, compliance with corporate law requirements applicable to the company," the statement said.
Alan Gould, an analyst with Soleil-Gould Research Corp, said the size of the repurchase program came as a surprise — representing almost 20 percent of the company's stock market value.
The Williams Companies, a pipeline owner that is selling assets to remain solvent, said it expected a pretax expense of $56 million in the fourth quarter because of the repurchase of $951 million of debt.
Similar(49)
The company also said that its board of directors authorized the use of $100 million for the repurchase of its common shares.
The New York Times Company said yesterday that its board had authorized the spending of as much as $300 million for the repurchase of Class A shares.
Collins & Aikman had expenses of $36.3 million, or 52 cents a share, in the quarter related to the repurchase of the preferred shares.
The S.E.C. and federal prosecutors are investigating how the company accounted for the repurchase of franchises.
A company spokeswoman said there were no immediate plans for the repurchase of shares, which rose 80 cents, to $2.48.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com